SVG Capital netted £287m over the last three months as the private equity firm completed its divestiture of Hugo Boss shares it emerged yesterday.
In addition, the firm said it had partially sold down its stake in Arysta LifeScience and expected to make at least one new investment commitment and further co-investments this year. The news comes as net asset value per share in the investment firm increased to 592p, totalling £1.1bn, up one per cent over the period and 15 per cent on a year-on-year basis.
Furthermore, SVG reported a two per total return on its net investment portfolio over the quarter, rising to four per cent when the effects of currency exchange rate fluctuations are stripped out.
Looking ahead, the firm said it expects to benefit from a further £72m worth of realisations by the end of June. These include the realisations of Iglo Group and New Look – together adding £20m to the gross value of the investment portfolio – and the partial realisation of Saga by Acromas.
Chief executive Lynn Fordham said: “We remain focused on maintaining discipline on new investment opportunities and identifying managers who have clear strategies for generating growth.”